商業銀行跨業經營非銀行業對其績效的影響– 以中國為例

Abstract

本文分析中國銀行業涉足非銀行業務是否能提升銀行績效，我們利用2006至2009 年中國16 家上市商業銀行的資料，對銀行跨足證券業進行實證研究。利用中國目前存在的三種商業銀行跨業模式：金融控股公司模式、銀行擁有證券子公司模式、與銀行擁有證券部門模式，探討銀行利用不同方式跨業從事證券業務是否會對銀行績效帶來不同的影響。結果為在此三種銀行參與證券業的模式下，僅有金融控股公司模式對銀行ROA 有顯著正向影響。在中國近年來積極推動銀行跨業經營下，本研究結果顯示金融控股公司模式在中國似乎是一可行的模式。

This paper studies whether Chinese banks engaging in non-bank activities can improve banks’ performance. We conduct an empirical study of banks’ expansion into securities using 16 listing commercial banks’ data from 2006 to 2009. By using three existing models of commercial banks engaging in non-bank activities in China: the financial holding companies, banks with securities subsidiaries, and banks with securities department, we examine the impact of different models on banks’ profits. The result shows that only financial holding company model has positive effect on banks’ ROA. In recent years China banks actively move toward participation in other financial service, and our study shows that the financial holding company model seems to be a feasible way in China. The result shows that only financial holding company model has positive effect on banks’ ROA. In recent years China banks actively move toward participation in other financial service, and our study shows that the financial holding company model seems to be a feasible way in China.